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Suriname's Staatsolie Signs Gas Exploration Deal with Petronas, Exxon
Suriname's Staatsolie said on Monday that Malaysia's Petronas and U.S. oil giant Exxon Mobil (XOM.N), opens new tab have agreed to extend exploration of…
Oil&Gas Drilling
Diamond Offshore Clinches New $350M Drillship Deal with BP
Houston-based Diamond Offshore Drilling has secured a two-year contract extension with a subsidiary of BP in the US Gulf of Mexico for the seventh-generation dr…
Oil&Gas Drilling
ADX Ramps up European Gas Pursuit at Welchau Well
ADX Energy’s hunt for 807 billion cubic feet (Bcf) of European gas is continuing to gather steam, with the drilling of its Welchau-1 exploration well in A…
Oil & Gas Trade
Gurbanguly Berdimuhamedov Announces Possible Turkmen Gas Supplies to Europe
Officials from Turkmenistan and Turkey signed two preliminary agreements on Friday for the Central Asian country to supply gas to Turkey and onward to Europe, d…
LNG
Qatar's Bigger LNG Expansion to Squeeze US, Other Rivals
Qatar’s planned expansion of liquefied natural gas (LNG) production could see it control nearly 25% share of the global market by 2030 and squeeze out riv…
Oil Price
Several Countries Extend Oil Output Cuts to Boost Prices Amid Economic Uncertainty
The OPEC+ alliance on October 5, 2022, decided to sharply cut production to support sagging oil prices. © Michael Probest, APThe plan to extend cuts to mid…
Oil Price
Record US Oil and Gas Production Keeps Prices Under Pressure
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Purchase Licensing RightsU.…
Oil&Gas Drilling
OPEC+ Members Extend Oil Output Cuts to Second Quarter
A view of the entrance to the Organization of the Petroleum Exporting Countries (OPEC) headquarters in Vienna, Austria, November 30, 2023. REUTERS/Leonhard Foeg…
Oil Exploration
FG Eyes 2.5 Million Barrels Daily Oil Production
Brent, the global benchmark for crude oil, witnessed a rise in price in the past three days, crossing $84/barrel on Friday, after trading for an average of $80/…
LNG
Philippines' Top Energy Firms Partner for $3.3 Bln LNG Facility
Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on…
Oil & Gas Supply
Russia Says to Deepen Oil Output Cuts While Easing Export Limits
Fuga Bluemarine crude oil tanker lies at anchor near the terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tati…
Oil & Gas Trade
Iran to Reach 1.3 Bcm of Gas Output a Day in Five Years, Minister Says
Iran's gas output will reach 1.3 billion cubic metres (bcm) per day in five years, Iran's Oil Minister Javad Owji said on Sunday according to the semi-o…
LNG
US LNG Exports Fall in February on Outage and Fewer Calendar Days
A month-long closure at Freeport LNG plant in Texas and fewer days in the month pushed February U.S. liquefied natural gas exports 7% lower than in January, pre…
Oil Price
Oil Climbs 2%, Notches Weekly Gains Ahead of OPEC+ Decision
Miniatures of oil barrels and a rising stock graph are seen in this illustration taken January 15, 2024. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Lic…
Oil Pipeline
MEG Energy Says Canada's Trans Mountain to Start Line Fill From April
The last section of pipeline is assembled on the Trans Mountain pipeline expansion project before operations are expected to begin in the second quarter of 2024…
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